Bill Text: OR HB4150 | 2012 | Regular Session | Enrolled

Oregon House Bill 4150 (Prior Session Legislation)

Bill Title: Relating to the Credit Enhancement Fund; and declaring an emergency.

Spectrum: Partisan Bill (Democrat 30-1)

Status: (Passed) 2012-03-27 - Chapter 73, (2012 Laws): Effective date March 27, 2012. [HB4150 Detail]

Download: Oregon-2012-HB4150-Enrolled.html



     76th OREGON LEGISLATIVE ASSEMBLY--2012 Regular Session

                            Enrolled

                         House Bill 4150

Sponsored by Representatives HOLVEY, READ; Representatives
  BAILEY, BARKER, BARNHART, BEYER, BOONE, BUCKLEY, CLEM, DEMBROW,
  DOHERTY, FREDERICK, GELSER, GREENLICK, HARKER, HOYLE, HUNT,
  KENY-GUYER, KOMP, KOTEK, MATTHEWS, NATHANSON, ROBLAN,
  SCHAUFLER, J SMITH, TOMEI, WHISNANT, WITT, Senators HASS,
  MONNES ANDERSON, STEINER HAYWARD (Presession filed.)

                     CHAPTER ................

                             AN ACT

Relating to the Credit Enhancement Fund; creating new provisions;
  amending ORS 285B.200; and declaring an emergency.

Be It Enacted by the People of the State of Oregon:

  SECTION 1. ORS 285B.200 is amended to read:
  285B.200. As used in ORS 285B.200 to 285B.218:
  (1) 'Brownfield' or 'brownfields' has the meaning given that
term in ORS 285A.185.
  (2) 'Eligible project costs' includes productive equipment and
machinery, working capital for operations and export transactions
and such other costs as the Oregon Business Development
Department by rule may provide.
  (3) 'Environmental action' has the meaning given that term in
ORS 285A.188.
  (4) 'Financial institution' includes institutions listed in ORS
706.008 and such other institutions defined by rule of the
department as financial institutions for purposes of ORS 285B.200
to 285B.218.
  (5) 'Qualified business' means any existing or proposed
business  { + located in this state, whether or not located in a
distressed area as defined by the department, that: + }
 { - that, except when located within a distressed area, as
defined by the department, sells goods or services in markets for
which national or international competition exists or that owns,
occupies, operates or has entered into an agreement to own,
occupy or operate real property containing a brownfield, as
defined in ORS 285A.185. The term includes professional services
companies providing services to traded sector industries and
other entities within and outside of this state. - }
   { +  (a) Is a business that is not in a traded sector
industry;
  (b) Sells goods or services in markets for which national or
international competition exists;
  (c) Owns, occupies, operates or has entered into an agreement
to own, occupy or operate real property containing a brownfield;
or

Enrolled House Bill 4150 (HB 4150-B)                       Page 1

  (d) Is a professional service company that provides services to
traded sector industries and other entities within and outside of
this state.
  (6) 'Traded sector' has the meaning given that term in ORS
285B.280. + }
    { - (6) - }  { +  (7) + } 'Value-added agricultural products'
means agricultural products that have been processed, transformed
or refined to the point where they may be distributed to a final
consumer without further processing, transformation or refining.
The term also includes agricultural products that are processed,
transformed or refined for distribution to other than final
consumers when such processing, transformation or refining
represents a substantial increment in value as determined by the
Oregon Business Development Department in consultation with the
State Department of Agriculture.
  SECTION 2. ORS 285B.200, as amended by section 1 of this 2012
Act, is amended to read:
  285B.200. As used in ORS 285B.200 to 285B.218:
  (1) 'Brownfield' or 'brownfields' has the meaning given that
term in ORS 285A.185.
  (2) 'Eligible project costs' includes productive equipment and
machinery, working capital for operations and export transactions
and such other costs as the Oregon Business Development
Department by rule may provide.
  (3) 'Environmental action' has the meaning given that term in
ORS 285A.188.
  (4) 'Financial institution' includes institutions listed in ORS
706.008 and such other institutions defined by rule of the
department as financial institutions for purposes of ORS 285B.200
to 285B.218.
  (5) 'Qualified business' means any existing or proposed
business located in this state  { - , whether or not located in a
distressed area as defined by the department, - }  that:
  (a)   { - Is a business that is not in a traded sector
industry - }  { +  Is located in a distressed area as defined by
the department + };
  (b) Sells goods or services in markets for which national or
international competition exists;
  (c) Owns, occupies, operates or has entered into an agreement
to own, occupy or operate real property containing a brownfield;
or
  (d) Is a professional service company that provides services to
traded sector industries and other entities within and outside of
this state.
  (6) 'Traded sector' has the meaning given that term in ORS
285B.280.
  (7) 'Value-added agricultural products' means agricultural
products that have been processed, transformed or refined to the
point where they may be distributed to a final consumer without
further processing, transformation or refining. The term also
includes agricultural products that are processed, transformed or
refined for distribution to other than final consumers when such
processing, transformation or refining represents a substantial
increment in value as determined by the Oregon Business
Development Department in consultation with the State Department
of Agriculture.
  SECTION 3.  { + The amendments to ORS 285B.200 by section 2 of
this 2012 Act become operative on July 1, 2015. + }
  SECTION 4.  { + This 2012 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency

Enrolled House Bill 4150 (HB 4150-B)                       Page 2

is declared to exist, and this 2012 Act takes effect on its
passage. + }
                         ----------

Passed by House February 14, 2012

Repassed by House February 27, 2012

    .............................................................
                         Ramona Kenady Line, Chief Clerk of House

    .............................................................
                                    Bruce Hanna, Speaker of House

    .............................................................
                                   Arnie Roblan, Speaker of House

Passed by Senate February 24, 2012

    .............................................................
                              Peter Courtney, President of Senate

Enrolled House Bill 4150 (HB 4150-B)                       Page 3

Received by Governor:

......M.,............., 2012

Approved:

......M.,............., 2012

    .............................................................
                                         John Kitzhaber, Governor

Filed in Office of Secretary of State:

......M.,............., 2012

    .............................................................
                                   Kate Brown, Secretary of State

Enrolled House Bill 4150 (HB 4150-B)                       Page 4